Slightly but are still topping 100 with 165 cases reported on wednesday. Experti expertings are oespecially concern concerned. Translator the numbers couod be many times from now. That would mean 1200 people. It would increase my 256 fold. The governor is calling on residents to refrain from nonessential travel to other prefecture prefecture. The number of infections continue to rise in other parts of japan. 61 cases were confirmed in the western prefecture of osaka on wednesday. Thats the highest since the nationwide state of emergency was lifted in may. Now, across japan, morore than 22,000 people have tested positive for the coronavirus. Nearly 1,000 people have died. Officials are also closely watching developments in the southern prefecture of okinawa home to several m military u. S. Bases. The okinawa governor met the defense minister in tokyo. He asked the minister to push the u. S. Militaryy to swiftly provide detailed information on the infected people. Translator i hope he w
Some of these well known names here in the u. S. , these are chinese stocks that are listed here on u. S. Exchanges. China mobile, its up just under 1 . Youve got lenovo which, of course, is a chinese company, down half a percent. Alibaba is up one and a third percent. Jd. Com, that stock is also continuing to move slightly higher. As we look at some of these other names, alibaba Still Holding on to gapes of about 1. 5. But lets look at the semiconductors, because one would argue that they are the most exposed to what could have been yet another trade war, but it just doesnt sound like that yet. We have green on the screen. A little bit of a relief rally for intel, up two and a third percent, invidia up two percent. So thats certainly a good sign when you see that those names including other names that are bigger when it comes to, lets say, traderelated, tradesensitive stocks, everything from deere to caterpillar was that the fear was that we would start to see yet another trade war or
Trading here. What is really interesting is the sentiment on the floor, right . Ive been coming down here for the last three weeks. Weve seen very, very extreme swings daily and traders right now are basically desensitized to what theyre hearing and what theyre seeing and these big movements in the market. It is not to say theyre not worried about it, and theyre not worried what will come out of wall street. The question, and the point they make to me, this virus needs to get to the point where it peaks and starts to trail off. That is where the markets calm down. Not until then will we see volatility subside a little bit. You see the Market Selling off 1000 points today. The point made in the previous show. There was a lot of hope yesterday that washington would come up with some sort of a stimulus solution. Right now, folks are kind of scratching their heads, wondering whatever they come up with, if it will be enough. Were watching the dow down 1052 right now. The the biggest dow dra
A new factory for the carmaker tesla the b. V. I. Say that hope the decision would set a precedent for other blocked Industrial Projects in the country environmentalist said softy tree felling in court saying that the public have not been properly consulted the gigafactory site is located just outside of the lynn and will be teslas 1st year of production is set to begin next year. For i just take a closer look at the story with the fine man from the European School of management and technology in berlin yes youve done Extensive Research on the mobility and the convergence of energy and transport it is good to have you on the program the announcement that teslas to set up shop in germany has energized the whole region is considered has been labelled by many as a flagship project as a sort of a beacon project of industrial manufacturing do you agree yes in many aspects so on the one hand we do have. A twig effect fall the bird in ecosystem full mobility we have a lot of Manufacturing Act
Due to the virus making drugs the scats commodity at a time when they need it most. Places to business. The corona Virus Outbreak continues to dominate business headlines around the globe after wall street made gains to correct last weeks slump asian markets followed suit continuing their recovery on tuesday all prices also extended their rebound as policymakers and central bankers indicated that willingness to ease the economic fallout australias reserve bank is the 1st central bank to react slashing Interest Rates to a record low by 25. 00 basis points to 0. 5 percent the outbreak is plunging the World Economy into its worst downturn since the Global Financial crisis more than 10 years ago pressure is growing on the governments and Central Banks to fight back to avoid an even steep a slump investors are now. Waiting for a Conference Call by group of 7 leaders later on tuesday lets go straight to our financial correspondent. Who is in frankfurt for us watching the markets and of cours